Research Calls
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Upgrades:
- 4D Molecular Therapeutics (FDMT) upgraded to Outperform from Market Perform at Leerink Partners; tgt $24
- Brinker (EAT) upgraded to Strong Buy from Outperform at Raymond James; tgt lowered to $40
- Broadstone Net Lease (BNL) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $17
- Dow (DOW) upgraded to Neutral from Underperform at BofA Securities; tgt raised to $59
- Editas Medicine (EDIT) upgraded to Neutral from Underweight at JP Morgan; tgt $8
- Elastic (ESTC) upgraded to Buy from Hold at Jefferies; tgt raised to $100
- First Watch Restaurant Group (FWRG) upgraded to Strong Buy from Outperform at Raymond James; tgt lowered to $22
- Hudson Pacific Properties (HPP) upgraded to Neutral from Underperform at Mizuho; tgt lowered to $7
- Huntsman (HUN) upgraded to Buy from Underperform at BofA Securities; tgt $27
- LyondellBasell (LYB) upgraded to Neutral from Underperform at BofA Securities; tgt raised to $107
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Downgrades:
- Albemarle (ALB) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $161
- AngloGold Ashanti (AU) downgraded to Equal-Weight from Overweight at Morgan Stanley
- ArcelorMittal (MT) downgraded to Neutral from Buy at BofA Securities
- Dorian LPG (LPG) downgraded to Hold from Buy at Fearnley; tgt $34
- Gold Fields (GFI) downgraded to Underweight from Equal-Weight at Morgan Stanley
- Harmony Gold (HMY) downgraded to Underweight from Equal-Weight at Morgan Stanley
- Lithium Americas (LAC) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $7
- Olink Holding (OLK) downgraded to Market Perform from Outperform at Leerink Partners; tgt $26
- Sibanye-Stillwater (SBSW) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $6.50
- Sibanye-Stillwater (SBSW) downgraded to Underperform from Neutral at BofA Securities
- Sherwin-Williams (SHW) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $275
- Sociedad Quimica y Minera (SQM) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $59
- Westlake Corporation (WLK) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $129
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Others:
- Alpine Immune Sciences (ALPN) initiated with a Buy at Berenberg; tgt $18
- Arm Holdings plc (ARM) initiated with an Overweight at KeyBanc Capital Markets; tgt $65
- ASML (ASML) named EU Semicap top pick at BofA Securities
- Avis Budget (CAR) named Catalyst Call - Buy Idea at Deutsche Bank
- CrowdStrike (CRWD) initiated with a Buy at DZ Bank; tgt $215
- Enviva (EVA) assumed with a Neutral at JP Morgan; tgt lowered to $10
- Fortinet (FTNT) initiated with a Hold at DZ Bank; tgt $58
- Genmab (GMAB) initiated with an Underperform at Exane BNP Paribas
- Lithium Argentina (LAAC) initiated with a Buy at Deutsche Bank; tgt $11
- Nu Holdings (NU) initiated with a Buy at Redburn Atlantic; tgt $!!
- Palo Alto Networks (PANW) initiated with a Buy at DZ Bank; tgt $310
- Pinterest (PINS) initiated with a Hold at Jefferies; tgt $30
- TeraWulf (WULF) initiated with a Buy at Stifel; tgt $3
- Vestis (VSTS) initiated with a Buy at Stifel; tgt $20
- Vigil Neuroscience (VIGL) initiated with a Mkt Outperform at JMP Securities; tgt $23
- WK Kellogg Co (KLG) initiated with a Market Perform at TD Cowen; tgt $11